Why Bill.com (BILL) Stock Is Falling Today
Shares of payments and billing software maker Bill.com (NYSE:BILL) fell 34.7% in the morning session after the company reported weak fourth-quarter results. Revenue was just in line, although operating profit beat expectations. The company's core revenue, driven by subscription and transaction fees, rose 16%, but growth appears to be slowing compared to previous quarters. Also, Bill.com's revenue guidance for next quarter missed significantly, and this seems to be weighing heavily on shares, sh